Technical: Black pepper Garbled Kochi - Trend Still Down

Dated 22/05/2018
BLACK PEPPER-Garbled Kochi- Last Close- 386 Trend still down



Trend is down as prices are below the averages.

The 55 VA is below 89 VA indicating a bear market.

The 55 VA and 89 VA are likely to offer resistances which are placed at 398 and 408.

The averages also likely to offer resistance as it try to pullback towards it.

Conclusion
Trend remains down therefore objective remains to exit long on the rise.